Author

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Economy

The recession has been confirmed – semi-officially

Edward Harrison Nov 12, 2008

Robert Hall, the head of the National Bureau of Economic Research (NBER), which is the official arbiter of recession in the United States, has said the evidence is now "conclusive" that the U.S. is in recession. For me, that's pretty much…

Political Economy

Automakers likely to be bailed out

Edward Harrison Nov 11, 2008

The stars are aligned for the big three automakers because everyone is coming out in their favor. First, we heard that they were meeting with congressional leaders on Capitol Hill. Then, we heard that Rahm Emanuel, a house democrat and…

Markets

Buffett is buying utilities, should you?

Edward Harrison Nov 11, 2008

Last week, I posted an article on why the recent rally did not look anything like a bull market titled "An amazing market rally. What's next?"o, it seems like I was bullish for all of two weeks. Yet, the truth is I was never bullish on the…

Economy

Financial sector losses near $1 trillion

Edward Harrison Nov 11, 2008

The financial sector bailout continues on track. Meanwhile, financial services sector losses have hit $919 billion. This summer, I had been of the view that we would see $1.5 trillion in losses before this was over. However, this is…

Daily

The emerging markets crisis

Edward Harrison Nov 11, 2008

Last night an article by Niels Jensen of Absolute Return Partners caught my eye. In it, he made a very strong case for worrying about European bank exposure to emerging markets and its potential for creating systemic risk. I would like to…

Political Economy

Bailout Nation

Edward Harrison Nov 11, 2008

The United States Government's bailout of the financial sector is approaching breathtaking proportions. There are so many pronouncements and announcements of this monetary stimulus and that loan of this preferred equity stake and that…

News

News round-up: 10 Nov 2008

Edward Harrison Nov 10, 2008

This past weekend I went away to the beach where I watched no television, listened to no radio and read no newspapers. It was good to get away from the constant drip-drip of bad economic news that has overcome the global economy.Now, I am…

Economy

Doubling down at AIG

Edward Harrison Nov 10, 2008

The U.S. government is throwing money at the financial sector like nobody's business. The latest salvo in this ridiculous affair comes in the form of more money for AIG. Rather than prattle on about how shambolic the U.S. bailout has…

Blogs

Now using WordPress

Edward Harrison Nov 10, 2008

We have now moved from Blogger to WordPress as the software for the site, but everything else should remain pretty much the same. You may have noticed we were offline for a few hours earlier today, but everything is back to normal -- or at…

Monetary System

The unkindest cut: the BoE got it wrong

Edward Harrison Nov 8, 2008

Below is a link to an article I wrote about the Bank of England's aggressive 1.5% interest rate cut that appeared in yesterday's Guardian newspaper.The unkindest cut, GuardianThe long and short of it is that I am very skeptical about the…

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